Alufer Mining has announced that preliminary studies at its Bel Air bauxite mine in Guinea indicate robust economics for expansion.
Guinea – Alufer Mining has announced that operations are on track to produce the annual run rate of 5.5 Mtpa in 2019 and logistics are working well from pit to port. The team continues to streamline and optimise each part of the system and the transhipment process is also performing well with loading rates and barge cycle times running efficiently.
Management is now looking to the next phase of the project and have conducted preliminary engineering studies to evaluate the expansion to a 10 Mtpa operation. Initial economics from these studies are robust and indicate this would be a capital efficient way to optimise project capabilities. Detailed engineering studies are now proceeding to outline next steps and potential scale up requirements.
CEO Bernie Pryorcommented, “With the operational set up we have achieved to date, we are now looking to the next phase and analysing how we can create further value from the Bel Air project.”
Alufer Mining is an independent mineral exploration and development company with significant bauxite interests in the Republic of Guinea.
The company’s flagship project is the Bel Air mine which is located 15 km from the coast near the Cap Verga peninsula, 210 km north of Guinea’s capital, Conakry and has a JORC compliant resource of over 146 mt of high grade trihydrate bauxite with low reactive silica.